DWS Blue Chip to reorganize into DWS Core Equity Fund on Feb. 27

By Toni Weeks

San Diego, Nov. 21 - The board of the DWS Blue Chip Fund has approved the fund's reorganization into the DWS Core Equity Fund on Feb. 27, according to a 497K filing with the Securities and Exchange Commission.

Until Feb. 1, the DWS Core Equity Fund's name is the DWS Growth & Income Fund.

The reorganization of the DWS Blue Chip Fund, which was proposed by the investment adviser of the fund, New York-based Deutsche Investment Management Americas Inc., is expected to be a tax-free reorganization for federal income tax purposes.

Beginning on Dec. 12, the fund is closed to new investors, and exchanges will not be permitted into the fund unless the exchange is being made into an existing fund account.

Current shareholders or participants in any group retirement, employee stock bonus, pension or profit-sharing plan that offers the Blue Chip fund as an investment option may continue to purchase shares of the fund.

New accounts in the Blue Chip fund may be opened in some cases, including, among others, for officers, board members and employees of the fund or the advisor; group retirement, employee stock bonus or profit-sharing plans; discretionary wrap programs as well as for 529 plans.

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